News – Page 60
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ArticleA third believe financial wellbeing benefits are very important
A third (33%) of respondents believe that financial wellbeing benefits, such as a pension, holiday and bonus pay, are very important when considering where to work, according to research by UK consultancy Barnett Waddingham.Its Why BWell: where’s your head at? report, which surveyed 3,000 full and part-time employees between the ...
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ArticlePay growth rate of 0.9% in last quarter was highest since December 2016
Regular pay in real terms, namely adjusted for inflation, increased by 0.9% between July to September 2017 and July to September 2018, according to the UK labour market report from the Office for National Statistics (ONS). This represents the highest pay growth rate since October to December 2016.Matt Hughes, senior ...
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ArticleEAT upholds decision that Addison Lee drivers are not self-employed
Taxi organisation Addison Lee has lost an appeal against an Employee Tribunal (ET) ruling, which stated its drivers are not self-employed contractors running their own businesses.The Employment Appeal Tribunal (EAT) confirmed that the true nature of the relationship is that the drivers work for the organisation, upholding the decision reached ...
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ArticleTimpson to be first employer to trial 'sidecar savings' auto-enrolment model
Shoe repair organisation Timpson will be the first employer to trial a new 'sidecar savings' model for auto-enrolment, launched by Nest Insight.In a sidecar structure, contributions over and above the auto-enrolment minimum are managed through a mechanism designed to create an optimal level of liquid savings, while also maximising long-term ...
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ArticleLeigh Day lodges first batch of claims on behalf of Morrisons store workers
The first batch of equal pay claims against supermarket chain Morrisons has been lodged with the Employment Tribunal by legal organisation Leigh Day.The law firm is seeking compensation for store workers, who are predominantly female, and who claim that they are paid less for work of equal value to ...
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ArticleEmployers report pay increase expectations of just 2% for the year ahead
According to the autumn 2018 Labour market outlook report by the CIPD and the Adecco Group, employers report median basic pay increase expectations of just 2% for the period up to September 2019.The report, for which YouGov polled 1,002 HR professionals in September 2018, found that almost half (48%) of ...
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ArticleComputershare acquires employee share plan administrator Equatex
Employee share plan provider Computershare has completed the acquisition of Zurich-based Equatex from Montagu Private Equity, following regulatory approval.Equatex, which has over 220 employees, provides a range of employee share plan administration services for more than 160 clients, administering around $40 billion (£31.1 billion) in assets.The organisation manages deferred equity ...
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ArticleScottish council workers reject offer of 3% pay increase by COSLA
Scottish council workers have rejected the offer of a 3% pay rise for those earning less than £80,000 a year.Members of the Unison, Unite and GMB unions have all turned down the deal from the Convention of Scottish Local Authorities (COSLA).A Unison consultative ballot saw 79% of those taking part ...
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ArticleOxford City Council announces living wage rise to £10.02 an hour
Oxford City Council has announced that the Oxford hourly living wage will rise from £9.69 to £10.02 in April 2019.The Oxford living wage is the minimum rate paid by the council to its workers, including agency staff. Any contractors who have contracts worth more than £100,000 are also expected to ...
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ArticleZurich launches new employee benefits and portal for 5,000 UK staff
Insurance organisation Zurich has updated its employee benefits offering for 5,000 UK employees, as well as launched an employee benefits portal to better support the organisation’s agile working culture and multigenerational workforce.The new portal, called Indigo, was introduced on 7 November 2018 for the organisation’s UK-based staff. Provided by Thomsons ...
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ArticleMoneysupermarket Group signs up to voluntary living wage
Image credit: Jefferson SmithPrice comparison organisation Moneysupermarket Group has been accredited by the Living Wage Foundation for paying all colleagues and regular contracted staff at or above the voluntary living wage.New rates for the voluntary living wage were announced on 5 November, set at £9.00 an hour for employees working ...
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ArticlePoll: Half do not believe Morrisons should be held liable for data breach
Employee Benefits poll: Half (50%) of respondents think that Morrisons should not be held partly liable for the data breach of its employees' payroll information.Last month the supermarket chain lost a challenge to a High Court ruling in December 2017 that found it vicariously liable for a data breach leading ...
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ArticleUS Department of Labor sues Mosluoglu Inc over wage violations
The US Department of Labor has filed a lawsuit against Mosluoglu Inc, the operator of the Empire Diner and Restaurant in Lansdowne, Pennsylvania, over violations of the federal minimum wage, overtime and record-keeping provisions of the Fair Labor Standards Act (FLSA).The legal action against the employer and its principals follows ...
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ArticleFinancial problems affect mental wellbeing of 55% of SME senior managers
Financial problems have had a negative impact on the mental wellbeing of over half (55%) of senior managers in small to medium enterprises (SMEs), according to research on behalf of merchant banking organisation Close Brothers Invoice Finance.A GMI survey of 900 SME owners and business managers across the UK and ...
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ArticleKavitha Sivasubramaniam: Adopting a holistic approach to emotional wellbeing
As our Emotional Wellbeing Week, in association with Aon Employee Benefits, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.Research has revealed that as many as 526,000 employees in the UK experienced stress, depression or ...
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ArticleOne third admit that retirement is not part of current financial planning
Nearly half (46%) of working people in the UK say their biggest fear for the future is not having enough money in retirement, but almost a third (30%) admit retirement is not part of their current financial planning, according to research by Punter Southall Aspire.The survey of over 2,000 workers ...
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ArticleGig economy workers strike as Uber’s employment status case hits the Court of Appeal
Individuals who work within the gig economy are undertaking a two-day march on Tuesday 30 and Wednesday 31 October 2018, to align with transportation organisation Uber contesting the result of its employment status case at the Court of Appeal.In October 2016, the Employment Tribunal (ET) ruled in the case of ...
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ArticleGovernment announces DC pensions investment drive for business growth
Autumn Budget 2018: The government will support defined contribution (DC) pension funds to invest in growing UK organisations and start-ups through the British Business Bank, according to the Autumn Budget 2018 statement.The British Business Bank is the government’s UK-wide economic development bank aimed at making finance markets work more effectively ...
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ArticleEmployment allowance access restricted to smaller employers
Autumn Budget 2018: Access to the employment allowance (EA) will be restricted to employers with a national insurance contributions (NICs) bill below £100,000 in the previous tax year, chancellor Philip Hammond revealed in the Autumn Budget 2018.The EA allows employers to claim back class 1 NICs of up to £3,000 ...
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ArticleGovernment to introduce 2% digital services tax in 2020
Autumn Budget 2018: From April 2020, the government will introduce a new 2% digital services tax on large organisations, Chancellor Philip Hammond has announced in his 2018 budget.The tax will apply to revenues generated from search engines, social media platforms and online marketplaces where activities are linked to the participation ...